Corporate Finance News

Lundi 14 Octobre 2019

Tezos Foundation Partners With Globacap to Drive Capital Markets Automation

Today, Tezos Foundation, the Swiss non-profit foundation pushing for economic innovation through blockchain technology, has entered into a strategic partnership with the London-based capital markets automation platform Globacap to accelerate its success in bringing capital markets into the digital age.

At the cutting edge of removing humans from primary issuance, securities administration and custody, Globacap's technology potentially unlocks trillions of dollars in illiquid private equity and private debt assets by enabling ownership transfer as quickly and efficiently as in public markets. Authorised and regulated by the UK's Financial Conduct Authority (FCA), Globacap was listed among the most disruptive businesses of 2019 in the Disruption50 index.

"Amidst the noise of Brexit, a quiet revolution is underway in Europe that will change the way we view the very concept of public and private markets," said Hubertus Thonhauser, member of the Board of the Tezos Foundation. "Globacap is at the forefront of this important movement toward democratizing access to markets and rendering them more efficient."

Globacap's technology enables all legal requirements involved in title transfer to be fulfilled automatically and institutional service providers, such as custodians and registrars, to have their balances and records reconciled continuously in real-time without any human involvement. While other financial market blockchains rely on intermediaries, Globacap's platform creates the legal asset itself entirely within its blockchain.

"With the Tezos Foundation behind us, our goal of enabling efficient primary issuance regardless of geography or sector, and reducing complex securities administration and custody to a few simple mouse clicks is clearly within reach," said Globacap CEO Myles Milston. "Tezos's blockchain technology combined with our platform creates a strength unseen in this space to date, and we are committed to deploying our combined resources going forward to take capital markets to the next stage of evolution."

The Tezos Foundation – which recently announced a partnership with BTG Pactual, Brazil's fifth largest bank, to issue $1 billion of real estate securities on the Tezos blockchain – has invested in Globacap's Series A funding round, with total capital raised to date at approximately $8 million. CoinShares, a digital asset manager with $650 million of assets under management in exchange-traded notes and active strategy funds, led Globacap's seed extension financing round in 2018 and re-participated in the latest round, which closed today.

"Globacap has demonstrated what is possible as capital markets evolve to become truly digital," said CoinShares Chairman Daniel Masters. "This latest funding and the alliance with Tezos will help to accelerate that journey, execute on Globacap's rapidly growing issuance pipeline, and take the business through the next stage of growth."

Globacap's technology either entirely automates or significantly streamlines post-trade processes, which in turn reduces liquidity risk in private assets. Globacap was the first company to issue an equity-security token under regulatory supervision of the UK's FCA. Issuers using its platform include MERJ Exchange, which is the first national stock exchange to undertake an initial public offering of equity tokens.
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SOURCE Globacap

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Chaineum :
Fondée en 2015, Chaineum est un cabinet de conseil en opérations de haut de bilan offrant une expertise de premier plan en matière d’ICO et STO, avec une vision stratégique orientée tant vers le métier de ses clients que sur la technologie blockchain. A ce titre, Chaineum a participé à la mise en œuvre de bonnes pratiques dans le secteur (ICO Charter, Security Token Network).
La division services blockchain de Chaineum, développe la technologie Chaineum Segment, une blockchain privée orientée objets.

About Chaineum:
Founded in 2015, Chaineum is a leading corporate finance advisory firm with a strong expertise in ICO and STO, and a strategic focus on both its clients' business and blockchain technology. As such, Chaineum paved the way in the implementation of certain best practices in this sector (ICO Charter, Security Token Network).
Chaineum's blockchain services division, is developing Chaineum Segment technology, an object-oriented private blockchain.


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